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Cost descriptor memo

Essay specific features

 

Issue:

Business

 

Written by:

Michael O

 

Date added:

March 22, 2015

 

Level:

University

 

Grade:

A

 

No of pages / words:

3 / 629

 

Was viewed:

2912 times

 

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Essay content:

They were fixed, variable, direct, indirect, sunk, actual costs and Opportunity Costs. In this memo, I will give you a clear definition as well as an example of each. Fixed Cost Fixed costs are costs that are constant from month to month. Fixed costs include items such as rent, car note and insurance...
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For example, Tom Reality will be leasing office space to conduct business. For the space being leased to us, we must pay a monthly lease fee of five hundred dollars a month. The cost of this space is fixed, because the rent amount stays the same month after month. Fixed cost are cost the must be paid whether or not we open five days or seven (Ward, 2006)...
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